Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY galaxy resources limited

0.00%

$5.28

GXY vx PLS Resource Comparison, page-6

First 6 Last

Share
Profile

Follow
goofy

5,056 Posts.

243

28/01/18

12:05

Post #: 30610015
Share

Originally posted by Dosraki ↑

Pilbara Minerals
- Pilgangoora Project: [email protected]% Li₂O = 1,953,750 tonnes

Galaxy Resources
- Mt Cattlin: 16Mt@ 1.08% Li₂O = 172,280 tonnes
- James Bay: [email protected]% Li₂O = 284,416 tonnes
- Sal de Vida: 214,000 tonnes
- Total = 670,696 tonnes

Conclusion: PLS has approximately 3x GXY's resource with a similar market cap (PLS = 1.66 billion to GXY = 1.42 billion). Galaxy's costs and administration will be spread over three projects in three continents compared to Pilbara's one higher quality project. My questions is this: why do y'all Galaxy holders think you have a golden goose because to me it looks like a chicken (at least in comparison)?

Sources:
http://www.galaxyresources.com.au/media/announcements/43dmt787m9bckl.pdf
http://www.galaxylithium.com/projects/james-bay
http://www.galaxylithium.com/projects/sal-de-vida
http://www.pilbaraminerals.com.au/site/investors-media/why-invest-in-pilbara-minerals

Expand

lol
The main point would be GXY is a debt free producer of battery grade spodumene.

PLS will need to complete construction and commissioning then sell an on spec product to its customers and make a profit before even considering comparing the two companies.

GXY Price at posting: $3.48 Sentiment: Hold Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

CCO

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

Trump chides Powell as Goldman call for calm. The RBA must be nervous

GLF

Gemlife used the ASX's new IPO fast-track. Is this the start of a new cycle?

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Thursday's HotCopper trends: Vault Q4 miss, Peak raise | July 3

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

RML

Resolution looks to 'strong historical data' as Horse Heaven search begins

ASX Market Close: Local bourse dips red as CBA profit takers swoop

CBA

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

SFM

Why is Santa Fe Minerals up 370% on Thursday?

This thread is closed.

You may not reply to this discussion at this time.

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

GXY vx PLS Resource Comparison, page-6

Top Stories

The Calmer Co FY25 revenue hits $8 million, up 86% on FY24

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Gemlife used the ASX's new IPO fast-track. Is this the start of a new cycle?

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

Thursday's HotCopper trends: Vault Q4 miss, Peak raise | July 3

ASX Market Open: Oz shares dip back (very slightly) after Wed's record close | July 3

Resolution looks to 'strong historical data' as Horse Heaven search begins

ASX Market Close: Local bourse dips red as CBA profit takers swoop

CBA down as BHP goes up – what's going on, and, will CBA stocks correct?

Why is Santa Fe Minerals up 370% on Thursday?

Featured News